Seoul Semi, Vertex Invest in LEDs
Seoul Semiconductor Corp., a Korean LED supplier, and
Singapore-based Vertex Venture Management, a venture capital firm subsidiary of
Vertex Venture Holdings, which is wholly owned by Temasek Holdings, will partner
to seek and invest in companies with advanced capabilities in LED technology development.
Seoul Semiconductor will leverage its experience in LED technologies to seek out
high-potential companies and combine them with the capabilities of Vertex in sourcing
and administering investment capital to achieve synergies for effective investment
and returns. With the subsequent expansion of investment opportunities, both companies
may establish a dedicated fund to nurture the research and development efforts of
technology companies that will drive future innovation in LEDs.